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<html><body><h2 id="content-id-6517498203-2"><b>Economics Questions Overview</b></h2><p>Economics Questions have a good weightage in the Ssc Chsl Exam and the type of question asked in Ssc Chsl exam is similar to the question mentioned below. It has been solved and explained by KD Live Experts under the guidance of Neetu Mam and they have tried to elaborate the concept used in Economics Questions.</p><h2 id="content-id-7061824359-3"><b>Question On Economics </b></h2>What is the primary purpose of the Insolvency and Bankruptcy Code (IBC), 2016?
<div class="row show--dificulty--bar" style="margin-top:8px;"><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex !important;border-right:0.1px solid #eee;"><h3 style="font-size:12px !important;">Difficulty : Easy </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 29 Seconds </h3></div></div><h2 id="content-id-2675398041-4"><b> Economics Questions Options</b></h2><ol><li><p>To regulate stock market investments</p>
</li><li><p>To promote foreign direct investment</p>
</li><li><p>To simplify the process of resolving financial distress in businesses</p>
</li><li><p>To provide protection for startups from financial harassment</p>
</li></ol> <h2 id="content-id-3051879264-5"><b> Economics Questions Solution</b></h2><p>The corret answer is <strong>option 3</strong> i.e. <strong>To simplify the process of resolving financial distress in businesses.</strong></p>

<p>The <strong>Insolvency and Bankruptcy Code (IBC), 2016</strong> is a landmark economic reform enacted to consolidate India's fragmented legal framework for insolvency. Its primary purpose is to provide a time-bound, market-driven mechanism for resolving financial distress in corporate entities, partnership firms, and individuals. By shifting from a "<strong>debtor-in-possession" to a "creditor-in-control</strong>" model, the IBC aims to maximize asset value, foster entrepreneurship, improve credit availability, and ease the exit of non-viable businesses.</p>
<h2 id="content-id-8312749605-6"><b> Economics Questions Tips and Tricks</b></h2><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Economics_Questions_Tips_and_Tricks.png" alt="Economics Questions Tips and Tricks" height="260" width="480"><ol><li>Try to solve Economics Questions without taking any help from the solutions.</li><li>Economics Questions require proper usage of concept so firstly read the question thoroughly and then use the right concept. </li><li>In case you're not able to solve the question in less than 30 seconds in the exam then you should skip the question and move to the next question.</li></ol><h3><b>Daily Current Affairs </b></h3><img loading="lazy" src="https://study.kdcampus.live/questions-blog-pdf/Daily_Current_Affairs.png" alt="Daily Current Affairs" height="260" width="480"><p>KD Live is providing Current Affairs on a daily basis for SSC and a current affairs quiz too for the practice. 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